Dell Technologies Reports Record Q2 Earnings and Raises Full-Year Guidance
Dell Technologies (DELL) reported record second-quarter results driven by strong demand for AI-optimized infrastructure. Revenue reached $47 billion, up 58% year-over-year, with non-GAAP diluted EPS at $7.04, a 203% increase. The Infrastructure Solutions Group saw revenue of $31.8 billion and operating income of $4.8 billion—both record highs. AI server orders hit $60.9 billion for the quarter, while total backlog reached $95 billion. The Client Solutions Group also performed well with $15 billion in revenue, marking its fastest growth rate in five years. Dell raised full-year guidance to $192 billion in revenue and $25.50 non-GAAP EPS at midpoint—a 150% increase from prior forecasts. The company returned a record $4.3 billion to shareholders through dividends and buybacks. Despite strong performance, management noted ongoing supply constraints and potential moderation of operating income for the Client Solutions Group in Q3 as demand is balanced with profitability.
Tickers: $DELL
Topics: AI servers free cash flow guidance operating income revenue